Ethereum

Token

2024

Million

<ul class="news-points"> 
 <li>Ethereum staking hits 30M ETH, bolstering network security and reducing circulating supply.</li> 
 <li>Restacking narratives are boosted with a $707M staking category on CoinGecko.</li> 
 <li>Despite trading below the peak, Ethereum sees a 6.69% price uptick post-staking milestone.</li> 
</ul> 
According to a crypto sleuth, Token Unlocks, the Ethereum ecosystem is witnessing a significant event. About 30,000 ETH worth over $70 million is scheduled to be unlocked from staking in five hours. This event highlights the staggering growth of Ethereum’s <a href="https://coinedition.com/can-ethereum-eth-ascend-higher-despite-massive-transfers/?utm_source=telegram_channel&amp;utm_medium=referral">staking</a> mechanism, with just over 25% of the entire Ethereum supply, equivalent to approximately 30 million coins, now staked for network security. 
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 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Ethereum</a> Unlocks Alert <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> In just 5 hours, a massive ~30,000 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a> valued over $70 million will be unlocked from staking <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f513.png" alt="🔓" class="wp-smiley" style="height: 1em; max-height: 1em;"> Don't miss out any <a href="https://twitter.com/hashtag/ETH?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#ETH</a> unlocks on <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f50e.png" alt="🔎" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://t.co/SF9adXUyaE" target="_blank" rel="nofollow">https://t.co/SF9adXUyaE</a> Who's making this massive withdrawal <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f914.png" alt="🤔" class="wp-smiley" style="height: 1em; max-height: 1em;"> ? Share your guesses in the comments below <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2b07.png" alt="⬇" class="wp-smiley" style="height: 1em; max-height: 1em;"> ; <a href="https://t.co/GkaFBuNbdf" target="_blank" rel="nofollow">pic.twitter.com/GkaFBuNbdf</a>— Token Unlocks (@Token_Unlocks) <a href="https://twitter.com/Token_Unlocks/status/1756959268346245291?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">February 12, 2024</a>
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Over the last 24 hours, Ethereum’s price has decreased by 1.42% and is currently valued at <a href="https://coinmarketcap.com/currencies/ethereum/" target="_blank" rel="nofollow">$2,481.19</a>. According to Lido’s previous reports, one of the leading liquid s…
The post <a href="https://coinedition.com/breaking-70-million-worth-of-ethereum-unleashed-from-staking-how-will-it-shape-the-market/">Breaking: $70 Million Worth of Ethereum Unleashed from Staking – How Will It Shape the Market?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Breaking: $70 Million Worth of Ethereum Unleashed from Staking – How Will It Shape the Market?

Coin Edition

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